The jewelry industry developed lab-grown diamonds which provide a sustainable and budget-friendly option instead of subsurface diamonds. The leading position of **MYZA Diamonds** in this movement enables customers to access high-end jewelry made from lab-grown diamonds.
The **cost of lab-grown diamonds per carat** has seen a significant decrease in recent years. As of January 2025, a one-carat lab-grown diamond is priced at around $1,000, depending on quality, while a similar natural diamond can cost approximately $4,200.
This substantial price difference makes lab-grown diamonds an attractive option for those seeking both beauty and value.
MYZA Diamonds offers lab-grown diamond jewelry at prices up to 20 times less than mined diamonds.
This affordability allows customers to choose larger or higher-quality stones without exceeding their budget. For instance, MYZA's collection features a range of pieces, from elegant necklaces to stunning rings, all crafted with precision and care.
With their ethical and environmental benefits, lab-grown diamonds provide monetary saving opportunities to customers. These diamonds emerge from production while bypassing both natural environment destruction and moral considerations from mining diamonds in their typical form. People who care about sustainability in their purchases find appeal in lab-grown diamonds because of their ethical and environmentally friendly aspects.
Lab-grown diamonds are chemically, physically, and visually identical to mined diamonds. Each MYZA diamond is IGI-certified, ensuring authenticity and quality.
Customers can enjoy the brilliance and durability of a diamond without compromising on ethical standards or financial considerations.
The lab-grown diamond market was valued at $23.9 billion in 2023 and is projected to grow at a CAGR of 6.7%, reaching $35 billion by 2030. Increasing consumer preference for affordable, ethical, and sustainable jewelry is driving this growth.
| Carat Weight | Lab-Grown Diamond Price (USD/INR) | Mined Diamond Price (USD/INR) |
|---|---|---|
| 0.50 carat | $400 - $800 (₹33,000 - ₹66,000) | $1,200 - $2,500 (₹99,000 - ₹2,07,500) |
| 1.00 carat | $800 - $1,500 (₹66,000 - ₹1,24,500) | $4,000 - $7,000 (₹3,30,000 - ₹5,80,000) |
| 2.00 carat | $2,000 - $3,500 (₹1,66,000 - ₹2,90,500) | $10,000 - $20,000 (₹8,30,000 - ₹16,60,000) |